Von Claudio Kummerfeld
Der IWF hat am Freitag die Zuteilung von weiteren 278,4 Mio Euro Hilfskrediten an Zypern bekannt gegeben. Aufgrund der aktuellen Prüfungen habe man gesehen, dass Zypern sich an die Reformvorgaben des IWF halte, und daher könne man planmäßig die nächste Tranche des dreijährigen Hilfsprogramms auszahlen, so der IWF. Damit sind jetzt insg. 742 Mio Euro vom IWF nach Zypern geflossen + 9 Milliarden Euro seitens der EU. Wie alle Länder, die vom IWF Kredite erhalten, durchläuft auch Zypern als Auflage derzeit umfassende Reformen wie den Umbau des Bankensystems, den Versuch notleidende Kredite abzubauen, staatliche Ausgabenkürzungen usw. Hier das Original-Statement vom stellvertretenden IWF-Direktor David Lipton:
“Cyprus’s Fund-supported reform program continues to produce positive results. Economic and fiscal outcomes have been better-than-expected, with growth turning positive in the first quarter of 2015 and public finances exceeding targets. Liquidity and solvency in the banking system have improved, allowing the elimination of external payment restrictions. Going forward, it will be important to maintain the reform momentum and strong program ownership.
Addressing the high level of non-performing loans remains an urgent priority to preserve financial stability and boost growth and job creation. In this respect, adoption of the new insolvency and foreclosure legislation is a key step. To maximize the legislation’s effectiveness, it will be important to make any necessary adjustments to correct identified deficiencies that hinder implementation.
Continued efforts are needed to strengthen banking supervision and build the capacity of the banking system to restructure loans in a sustainable manner. It is important that financial institutions continue to implement their loan restructuring plans, monitor progress on the basis of performance indicators, and address any deviations.
The strong fiscal performance is impressive. Nevertheless, high public debt together with sizeable contingent liabilities warrants continued prudence and efforts to lock in fiscal savings from better-than-expected macroeconomic developments. Thorough implementation of the new welfare system is important to protect vulnerable groups, while public investment allocations need to be executed to support economic recovery.
The authorities should continue to advance structural reforms to strengthen public finances and lay the ground for sustained growth. Fiscal reforms should focus on revenue administration, public financial management, and public administration. Progress in privatization and further efforts to improve the business environment and reduce unemployment are also needed”.
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